Two ABLE Account Items: Opportunity to Sign On Letter of Support, Webinar with IRS Staff

ABLE Accounts help people with disabilities save funds specifically for disability-related expenses without those savings being counted against Medicaid’s income requirements. To support this important program, see below for an opportunity for national, state and local organizations to sign onto a letter asking Congress to pass the ABLE Age Adjustment Act, which ANCOR supports. Additionally, to further understanding of how these accounts can be used, the ABLE National Resource Center partnered with the Internal Revenue Service (IRS) to offer a webinar on leveraging this tool.

Sign-on Letter:

Fact sheet about the ABLE Age Adjustment Act.

Link to sign onto the letter of support.

Webinar:

“Thursday, February 13, 2020 – 2:00 – 3:00 p.m. ET

The Stephen Beck Jr. Achieving a Better Life Experience Act, or ABLE, was passed by Congress in 2014. ABLE accounts are tax-advantaged, section 529A accounts under the Internal Revenue Service (IRS) tax code, and the IRS has provided guidance related to ABLE accounts. Learn more about how you may maximize your ABLE savings, qualify for tax credits, which may result in tax savings, and access free tax preparation services.

Join the ABLE National Resource Center (ABLE NRC) and the IRS for the following timely information:

• Find out about the IRS ABLE guidelines and proposed rules
• Clarify qualified disability expenses
• Utilize tax incentives to build your ABLE savings
• Increase your knowledge of the interaction of SSA work supports, QDEs and tax filing
• Learn about free tax preparation services

The presenters on this webinar will be:

• Don Dill, IRS Senior Tax Analyst, SPEC Headquarters
• Miranda Kennedy, Director, ABLE NRC
• Laurie Schaller, Manager, Financial Empowerment, National Disability Institute
• Andrew Komarow, MSFS, CFP, 2020 ABLE NRC Ambassador/ABLE Account Owner

REGISTER FOR THIS WEBINAR.”